AUD / USD Primary & Weekly Cycles.
Is AUD going to retest the breakout from .6698?
It could...
But it might have a hard time getting past .6390 (100% of the range)
FOREX AUD - USD 5th April 2020
AUD PRIMARY & WEEKLY CYCLES
THE AUD WILL HIT SOME RESISTANCE LEVELS AROUND .6211 - 6288 (PREVIOUS REPORT)
THE AUSSIE DOLLAR HIT RESISTANCE LAST WEEK AND HAD DRIFTED LOWER.
WE CAN SEE THE POTENTIAL OF WHERE THE AUD CAN GO TO, IF IT FOLLOWS THE BREAK AND EXTEND PATTERN FROM THE MARCH DOWN INTO APRIL'S LOWS - FIRST TARGET WEEKLY LOWS
HOWEVER, DON'T BE SURPRISED IF THE AUD GOES LOOKING FOR THE 100% OF THE RANGE AT 63.90
RESISTANCE .6241
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